Excellent investment opportunity in the heart of downtown Salmon Arm. This 6,600 sq. ft. commercial building is fully leased to Skookum with a 6-year lease in place, providing an investor with stable income from day one and an approximate 5.7% cap rate at current rates that escaltes over 6%. The building offers approximately 3,300 sq. ft. on each of its two levels, making excellent use of its downtown lot. Several significant capital improvements have already been completed, including updates to the roof and HVAC systems. With a long-term tenant in place, strong return and a central downtown location, this is a solid opportunity for an investor looking to add a well-positioned income-producing commercial property to their portfolio. (id:44056)

Property Details

Full Address:
141 Shuswap Street NW, Salmon Arm, British Columbia
Price:
$ 1,099,000
MLS Number:
10400786
List Date:
September 16th, 2026
Lot Size:
0.11 ac
Taxes:
$ 9,877

Interior Features

Air Conditioning:
Central air conditioning
Heating:
Other

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Taxes:
$ 9,877

Floors

Finished Area:
6600 sq.ft.

Land

Lot Size:
0.11 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Jordan Grieve Personal Real Estate Corporation Homelife Salmon Arm Realty.Com
250-833-7812
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Listing Agent(s)

Lead Agent: Jordan Grieve
Office: Homelife Salmon Arm Realty.Com
Originating Board: Association of Interior REALTORS®
Co-Listing: Jim Grieve
Homelife Salmon Arm Realty.Com

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